BANK TALK
Exploring the Finances of the Unbanked

Block Fumbles on Early Success with Free Refund Checks

March 09th, 2012

I was ready to give H&R Block a big pat on the back for their promotional free refund anticipation check, but then I lost my enthusiasm after a little bit of calling around.

During Block’s March 7th investor call, Block’s CEO led off with his belief that offering free refund anticipation checks had been a boon for business.

(more…)


Filed under: unbanked | Tags: , , , ,
March 09th, 2012 16:53:42

Connect the Dots from RedGear to H&R Block

January 24th, 2012

H&R Block owns the tax preparation software company that will channel financial products to tax filers in locations through the United States this year.

RedGear Technologies, based out of Utah, is a subsidiary of H&R Block. Block acquired RedGear a few years ago. RedGear’s primary product is TaxWorks, a tax software package designed to help preparers by offering (more…)


Filed under: unbanked | Tags: , ,
January 24th, 2012 14:12:41

More Discussion of Free Tax Prep at Wal-Mart

January 12th, 2012

The news that customers will be able to get free tax preparation service has prompted an intense and varied reaction among consumer advocates.

It is the variation in those reactions, from groups that often speak in lockstep with eachother, that seems so unusual. Some groups appear to acknowledge the value of (more…)


Filed under: unbanked | Tags: , , , ,
January 12th, 2012 10:10:54

Free Tax Prep at Wal-Mart

January 10th, 2012

The nation’s largest retailer is going to do taxes for millions of people for free this year.

Wal-Mart says there will be tax preparers in 3,000 of its stores. Most of those preparers will be from Jackson Hewitt, although some will be from Block.

(more…)


Filed under: unbanked | Tags: , , , ,
January 10th, 2012 15:27:24

Court Rejects Block Acquisition of Tax Act

November 01st, 2011

US District Court Judge Beryl Howell will support an action by the Department of Justice to deny H&R Block’s acquisition of tax preparer TaxAct.

Justice said that if Block was able to go forward with its purchase of 2ss Holdings (the parent (more…)


Filed under: unbanked | Tags: ,
November 01st, 2011 15:40:37